CPF is NOT a Pension Fund

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Alfrescian

If you wish to migrate to New Zealand - DON'T.
When you live and work and pay taxes in NZ for at least 10 years, you will be entitled to receive a pension when you attain 65 years of age. However, the Chief Executive of the NZ Ministry of Social Development ruled that the CPF is a Pension Fund although it is actually from your contributions and your employer's contributions. He actually conveniently believed the PAP propaganda that Singapore has an excellent social security pension fund called the CPF! Would you not think that a person heading a large government department and paid a couple of hundred thousand dollars a year have more common sense, honesty and justice? NZ has a similar CPF fund called a Kiwisaver, also contributed from the employer and employee - BUT, it is voluntary and not compulsory.
This Chief Executive ruled that the Kiwisaver monies are not deductible from the NZ Pension payments but the CPF is so that he could reduce the superannuation budget and score points with the current government whose Prime Minister, Mr John Key, had worked in Merrill Lynch in Singapore in 1995 and collected his CPF monies before he left Singapore for Merrill Lynch London.
Therefore, a Singaporean who has already been cheated ONCE by the PAP government which allowed foreigners to withdraw their CPF except their own citizens (which is contrary to the Human Rights Act i.e. discrimination against nationality) - and now the Singaporean is cheated again another time by this Chief Executive of the NZ Ministry of Social Development, which is also contrary to the Human Rights Act (discrimination against Singaporeans whose life-time of compulsory savings have been hijacked by the PAP).
The Immigration brochures from the NZ Embassy has the slogan to entice qualified immigrants that states, "NZ the right choice"- is it really?

"This CEO is not stupid but cunning, dishonest and without conscience. He has a target to reduce pension payments at any cost without regard to his elders, just to enjoy his obscene annual salary of $600,000."

Alfrescian

"This CEO is not stupid but cunning, dishonest and without conscience. He has a target to reduce pension payments at any cost without regard to his elders, just to enjoy his obscene annual salary of $600,000."

Alfrescian

http://www.tremeritus.com/2015/08/21/a-malaysian’s-encounter-with-a-singapore-minister/
A nation betrayed:
August 21, 2015 at 8:27 pm (Quote)
A Tale of 4 citizens
1. Ah Kow is a Malaysian from Penang. He came to work in Singapore and became a Permanent Resident. After decades of working in Singapore, he COLLECTED his CPF SAVINGS and returned to Penang to retire comfortably in a bungalow with a Mercedes car.
2. Li Ning is a student from China sponsored by the Singapore government to study in Singapore. She was given a living allowance and free education from Secondary One to University. After graduation, the Singapore government employed her and asked her to be a citizen. She declined, continued working for 5 years and went back to China for a better-paying job (as people who can speak English are valued in China, thanks to sponsorship from Singapore) after collecting her CPF SAVINGS.
3. John is a New Zealand (Kiwi) citizen. He was employed as an English teacher and got his permanent residency after just three months. He worked for ten years and COLLECTED his CPF SAVINGS and went home to buy a bungalow and a Volvo car.
4. Krishnan is a Singapore Citizen and worked as a technician until he was retrenched as the boss employed a cheaper foreign talent. Then he became a taxi driver and found he could not renew his taxi licence unless he paid money into his CPF. When he was 55 years old, he found he could not withdraw his CPF SAVINGS. When he reached 65, he found that the CPF Board only refunded him $500 a month of his own money for his living expenses. Then they told him that he has to pay medical insurance premiums from 1st November this year or be thrown into jail.
Which government can treat its own citizens in these immoral, unethical, unlawful and deviant ways? Who allowed them to do these evil acts?
DO YOU STILL WANT TO VOTE PAP?
Rating: +76 (from 80 votes)

Alfrescian

http://www.tremeritus.com/2015/08/21/a-malaysian’s-encounter-with-a-singapore-minister/
A nation betrayed:
August 21, 2015 at 8:27 pm (Quote)
A Tale of 4 citizens
1. Ah Kow is a Malaysian from Penang. He came to work in Singapore and became a Permanent Resident. After decades of working in Singapore, he COLLECTED his CPF SAVINGS and returned to Penang to retire comfortably in a bungalow with a Mercedes car.
2. Li Ning is a student from China sponsored by the Singapore government to study in Singapore. She was given a living allowance and free education from Secondary One to University. After graduation, the Singapore government employed her and asked her to be a citizen. She declined, continued working for 5 years and went back to China for a better-paying job (as people who can speak English are valued in China, thanks to sponsorship from Singapore) after collecting her CPF SAVINGS.
3. John is a New Zealand (Kiwi) citizen. He was employed as an English teacher and got his permanent residency after just three months. He worked for ten years and COLLECTED his CPF SAVINGS and went home to buy a bungalow and a Volvo car.
4. Krishnan is a Singapore Citizen and worked as a technician until he was retrenched as the boss employed a cheaper foreign talent. Then he became a taxi driver and found he could not renew his taxi licence unless he paid money into his CPF. When he was 55 years old, he found he could not withdraw his CPF SAVINGS. When he reached 65, he found that the CPF Board only refunded him $500 a month of his own money for his living expenses. Then they told him that he has to pay medical insurance premiums from 1st November this year or be thrown into jail.
Which government can treat its own citizens in these immoral, unethical, unlawful and deviant ways? Who allowed them to do these evil acts?
DO YOU STILL WANT TO VOTE PAP?
Rating: +76 (from 80 votes)

A nation betrayed:
August 23, 2015 at 6:00 pm (Quote)
A tale of another 2 citizens – PART II
5. Jun Ki is a NZ citizen and came to this island to work as there are not enough jobs there. He was able to get a job within two weeks and worked as a forex trader for a few years, made his fortune, collected his CPF SAVINGS and went home with his CPF money which the CPF Board willingly and eagerly returned to him. When Jun Ki reached 65 years old, he became entitled to a pension from the NZ government. His CPF Savings were NOT deducted from his pension by the NZ government as they were considered SAVINGS. After all, he collected his CPF SAVINGS years ago, before he reached 65 and the NZ government is no wiser.

6. Tua Kee is a Singapore citizen. He was retrenched after working for the biggest government bank for 20 years as his salary was considered high and foreign talents were cheap, cheap, cheap. Fake Masters degrees OK as the Singapore Minister said foreign experience more important. He went to work in NZ otherwise he would have to clean toilets or clear tables in the food courts in Singapore. When he reached 65 years, as a Permanent Resident, he was also entitled to the pension from the NZ government BUT the NZ government deducted the CPF $500 monthly refund from his NZ pension!

Now, how did the CPF SAVINGS of Jun Ki, a NZ citizen turn into a CPF PENSION for a Singapore citizen? IS NZ such a fair and just country after all? Did they imitate the PAP who labelled the CPF as a wonderful PENSION FUND designed by the Singapore government to show the western world Singapore is a FIRST WORLD CUNTRY? – in other words, MONKEY SEE, MONKEY MUST DO?

BECAUSE Singaporeans are easy targets – they are the only people in the world that voted the party of famiLEE and c**nies to screw them for 50 years, closing both eyes disregarding WHAT IS RIGHT and WHAT IS WRONG – the IMMORAL PARTY.

So if you wish to work in NZ and receive the NZ Pension, which is the entitlement of all Permanent Residents, Singaporeans MUST give up their citizenship, whereas other nationalities NEED NOT e.g. Malaysians, China citizens and Kiwis are not forced to throw away their passports.

Singapore government does not discriminate against NZ citizens, but NZ government discriminates against Singapore citizens.

Alfrescian (Inf)

Don't blame NZ ...sinkapore is a peesai so foreigners just take what the PAP says as fact. You want your full pension, then you make a case to convince the NZ government that CPF is NOT a pension fund.

Alfrescian

Don't blame NZ ...sinkapore is a peesai so foreigners just take what the PAP says as fact. You want your full pension, then you make a case to convince the NZ government that CPF is NOT a pension fund.

Try and reason with immoral people in high positions who say, "we still require confirmation of any payments that the CPF Board are paying to you or that you may be eligible to receive, regardless of what the payment is called.”
You are known by the company you keep - when the PAPpigs steal your CPF savings and you join them to steal from the victims a second time, what does it make you? What does it reveal?
Google and read - http://omniintelligencer.com/201001...-You-Wallow-with-the-Pigs-Expect-to-Get-Dirty
Birds of a feather flock together, so if you lie in bed with a PAPpig, you are just as guilty - 100% Pure NZ? Clean, honest, fair and just society?

Alfrescian

A nation betrayed:
August 23, 2015 at 6:00 pm (Quote)
A tale of another 2 citizens – PART II
5. Jun Ki is a NZ citizen and came to this island to work as there are not enough jobs there. He was able to get a job within two weeks and worked as a forex trader for a few years, made his fortune, collected his CPF SAVINGS and went home with his CPF money which the CPF Board willingly and eagerly returned to him. When Jun Ki reached 65 years old, he became entitled to a pension from the NZ government. His CPF Savings were NOT deducted from his pension by the NZ government as they were considered SAVINGS. After all, he collected his CPF SAVINGS years ago, before he reached 65 and the NZ government is no wiser.

6. Tua Kee is a Singapore citizen. He was retrenched after working for the biggest government bank for 20 years as his salary was considered high and foreign talents were cheap, cheap, cheap. Fake Masters degrees OK as the Singapore Minister said foreign experience more important. He went to work in NZ otherwise he would have to clean toilets or clear tables in the food courts in Singapore. When he reached 65 years, as a Permanent Resident, he was also entitled to the pension from the NZ government BUT the NZ government deducted the CPF $500 monthly refund from his NZ pension!

Now, how did the CPF SAVINGS of Jun Ki, a NZ citizen turn into a CPF PENSION for a Singapore citizen? IS NZ such a fair and just country after all? Did they imitate the PAP who labelled the CPF as a wonderful PENSION FUND designed by the Singapore government to show the western world Singapore is a FIRST WORLD CUNTRY? – in other words, MONKEY SEE, MONKEY MUST DO?

BECAUSE Singaporeans are easy targets – they are the only people in the world that voted the party of famiLEE and c**nies to screw them for 50 years, closing both eyes disregarding WHAT IS RIGHT and WHAT IS WRONG – the IMMORAL PARTY.

So if you wish to work in NZ and receive the NZ Pension, which is the entitlement of all Permanent Residents, Singaporeans MUST give up their citizenship, whereas other nationalities NEED NOT e.g. Malaysians, China citizens and Kiwis are not forced to throw away their passports.

Singapore government does not discriminate against NZ citizens, but NZ government discriminates against Singapore citizens.